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AMERICAN MOTORISTS INS. CO. v. UNITED FURNACE CO.

No. 88 CIV. 1238 (PKL).

699 F.Supp. 46 (1988)

AMERICAN MOTORISTS INSURANCE CO., Plaintiff, v. UNITED FURNACE CO., INC., Defendant.

United States District Court, S.D. New York.

November 14, 1988.

Attorney(s) appearing for the Case

Sherri L. Goldsmith, Russotti & Barrison, New York City, for plaintiff.

Edmund Maciorowski, Detroit, Mich. (Galvin, Haroian & Mlawski, New York City, of counsel), for defendant.

OPINION AND ORDER

LEISURE, District Judge:

The plaintiff in this diversity action, American Motorists Insurance Company ("American Motorists" or the "insurance company"), is a surety company. Defendant, United Furnace Company, Inc. ("United"), operates a job shop and foundry in Michigan at which it performs a variety of machinery operations, and melts down scrap metal. American Motorists seeks to have United place it in funds, as collateral, to secure it...

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